Stopping depreciation on residence that converted back to personal use

[Kisboros]

How do you stop depreciation on a property that was partially rented in 2024 (91 days) and then permanently converted back to the owner for personal use? And what do you do with the asset since it is no longer for business use?

[Mike9241]

there should have been a question under "do any of these situations apply ...."

converted > I converted this property from rental to personal use - should be checked yes.

later Tutrbotax should ask additional questions to stop deprecition.

next year you can delete the property but keep track of cost, accumulated depreciation, and any passive loss carryover.

when you eventually sell:

1) you'll need the cost + the cost of future improvements 

2) depreciation will need to be recaptured.

3) passive loss carryovers, if any, will remain non-deductible until you sell in a fully taxable transaction.